healthcare capital budgeting follow up question
Description
We posted from the article:
Research Optimus. (2017). How Risk Analysis can be Essential in Capital Budgeting. Retrieved from https://www.researchoptimus.com/blog/how-risk-analysis-can-be-essential-in-capital-budgeting/
In preparation for capitalizing on new major equipment in the healthcare business, capital budgeting is an essential agenda to be attended to by the managers. It is hard to manage well the industry with the instability of petty cash due to unplanned usage or mismanagement by those entrusted to the money. In addition, the hefty amount that is required to buy plant, machinery, property furniture and equipment requires being budgeted for earlier. This is done by analyzing risks by professions and having a thorough insight to see any dangers and to assess the forecast on capital budgeting in order to act accordingly before the onset of the risk itself.
While making long-term investments in the healthcare industry it is wise to take measures on risk analysis by appraising invented or identified business opportunities by preparing long-term aims, estimated future cash flows and rule over expenditures on capital. There are many arising uncertainties in todays world. Moreover, the future is unknown and the best way to secure the business is to use professionals to analyze any risks and offer advice on making investment plans to avoid poor outcomes. This is the work of a manager hence should be very competent in problem-solving and best in foreseeing.
In budgeting process, various types of risk such as; corporate risk, standalone risk, market risk, international risk, industry-specific risk and project specific risk are used to give an account of the capital budgeting. This enables managers to continue with their scheduled plans with no major interruptions to enhance the effectiveness of delivering healthcare services. With the above risks, various methods of analysis are fundamental to be performed. The type of analysis to be done include scenario, simulation, break even and sensitivity analysis all done in consideration with the company, economic and industrial factors for effective investments forecasts (Researchoptimus.com, 2017).
Managers can get help from agencies which are authorized to do risk analysis. The analysis helps organizations to be prepared for unseen negative future outcomes in investments and as well on how to tackle these problems accordingly for survival of the healthcare sector which aims in a healthy world. Risk analysis offers possible risks and the solutions to such problems hence not performing one is a suicidal act to the business decreasing chances for meeting long-term goals of the health sector in tackling diseases in the world minimizing early deaths and maintaining healthy people.
Professor asked:
You discussed the importance of identifying risks. There are many risks in any financial venture, but particularly in healthcare. What are some strategies for identifying risks? Post resources using APA.
Having Trouble Meeting Your Deadline?
Get your assignment on healthcare capital budgeting follow up question completed on time. avoid delay and – ORDER NOW
References:
Nursing Standards
Nursing and Midwifery Board of Australia. (2018). Code of conduct for midwives. https://www.nursingmidwiferyboard.gov.au/Codes-Guidelines-Statements/Professional-standards.aspx
Clinical Guidelines
Guideline Adaption Committee. (2016). Clinical practice guidelines and principles of care for people with dementia. NHMRC Partnership Centre for Dealing with Cognitive and Related Function Decline in Older People. https://cdpc.sydney.edu.au/wp-content/uploads/2019/06/CDPC-Dementia-Guidelines_WEB.pdf
Living Guideline
Stroke Foundation. (2022). Australian and New Zealand living clinical guidelines for stroke management – chapter 1 of 8: Pre-hospital care. https://app.magicapp.org/#/guideline/NnV76E
Evidence-based practice
BMJ Best Practice
Goldfarb, S., & Josephson, M. (2020). Cystic fibrosis. BMJ Best Practice. https://bestpractice.bmj.com/
Schub, T., & Cabrera, G. (2018). Bites: Head lice [Evidence-based care sheet]. Cinahl Information Systems. https://www.ebscohost.com
Beyea, S. C., & Slattery, M. J. (2006). Evidence-based practice in nursing: A guide to successful implementation. http://www.hcmarketplace.com/supplemental/3737_browse.pdf
JBI: Evidence summary
Swe, K. K. (2022). Blood glucose levels: Self-monitoring [Evidence summary]. JBI EBP Database. https://jbi.global
JBI: Best practice information sheet
Bellman, S. (2022). Experiences of living with juvenile idiopathic arthritis [Best practice information sheet]. JBI EBP Database, 24(1), 1-4.
Cochrane Database of Systematic Reviews
Srijithesh, P. R., Aghoram, R., Goel, A., & Dhanya, J. (2019). Positional therapy for obstructive sleep apnoea. Cochrane Database of Systematic Reviews. https://doi.org/10.1002/14651858.CD010990.pub2
Drug Information
Codeine. (2023, January). In Australian medicines handbook. Retrieved February 2, 2023, from https://amhonline.amh.net.au
Colorado State University. (2011). Why assign WID tasks? http://wac.colostate.edu/intro/com6a1.cfm
Dartmouth Writing Program. (2005). Writing in the social sciences. http://www.dartmouth.edu/~writing/materials/student/soc_sciences/write.shtml
Rutherford, M. (2008). Standardized nursing language: What does it mean for nursing practice? [Abstract]. Online Journal of Issues in Nursing, 13(1). http://ojin.nursingworld.org/MainMenuCategories/ThePracticeofProfessionalNursing/Health-IT/StandardizedNursingLanguage.html
Wagner, D. (n.d.). Why writing matters in nursing. https://www.svsu.edu/nursing/programs/bsn/programrequirements/whywritingmatters/
Writing in nursing: Examples. (n.d.). http://www.technorhetoric.net/7.2/sectionone/inman/examples.html
Perth Children’s Hospital. (2022, April). Appendicitis [Emergency Department Guidelines]. Child and Adolescent Health Service. https://www.pch.health.wa.gov.au/For-health-professionals/Emergency-Department-Guidelines/Appendicitis
Department of Health. (n.d.). Who is being active in Western Australia? https://ww2.health.wa.gov.au/Articles/U_Z/Who-is-being-active-in-Western-Australia
Donaldson, L. (Ed.). (2017, May 1). Healthier, fairer, safer: The global health journey 2007-2017. World Health Organisation. https://www.who.int/publications/i/item/9789241512367
NCBI Bookshelf
Rodriguez Ziccardi, M., Goyal, G., & Maani, C. V. (2020, August 10). Atrial flutter. In Statpearls. StatPearls Publishing. https://www.ncbi.nlm.nih.gov/books/NBK540985/
Royal Perth Hospital. (2016). Procedural management: Pre and post (24-48 hours) NPS. Canvas. https://courses.ecu.edu.au
Explanation & Answer
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Order Now and we will direct you to our Order Page at Litessays. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.